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Parking Lots & Garages in Michigan

Author.Name IBISWorld United States Last Updated: August 2025 NAICS MI81293

Parking Lots & Garages in Michigan industry analysis

The Parking Lots & Garages industry in Michigan is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Parking Lots & Garages in Michigan Market Research Report

What’s Included in the Parking Lots & Garages in Michigan Market Research Report

Definition of the Parking Lots & Garages in Michigan?

This industry comprises operators who provide parking and valet services at establishments on an hourly, daily or monthly basis. It mainly operates via management contracts, lease agreements or property ownership.

What’s included in the Parking Lots & Garages in Michigan?

The Parking Lots & Garages in Michigan includes providing off-street parking services, providing on-street parking services and providing valet parking services. Related terms covered in the Parking Lots & Garages in Michigan industry report includes an arrangement where a service provider rents the property their business is on and is not responsible for major maintenance or capital expenditures on the property or real estate taxes, an agreement where a facility is managed for a fixed fee while the landowner or contracting business receives all payments and covers maintenance and rental or mortgage costs and a fully or semiautomated parking system that minimizes the area needed to park cars through mechanical lifts.

Industry Performance of the Parking Lots & Garages industry in Michigan

Benchmark the Parking Lots & Garages in Michigan industry performance with all MI county and national performance.

Parking Lots & Garages in Michigan

#15 in Highest Revenue 1.5% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Parking Lots & Garages in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Parking Lots & Garages industry in Michigan

See how key industry drivers, such as total jobs, population, per capita disposable income, number of businesses, value of private nonresidential construction and national unemployment rate are impacting Parking Lots & Garages in Michigan

Michigan Economic Indicators

Total Jobs
Population
Per Capita Disposable Income

View more economic information in MI State Economic profile

US Key External Drivers

Number of businesses
Value of private nonresidential construction
National unemployment rate

For the full list of industry drivers, see report purchase options.

County Data of the Parking Lots & Garages industry in Michigan

Access proprietary data on county in the Parking Lots & Garages in Michigan, such as Wayne County, Oakland County and Kent County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Parking Lots & Garages industry in Michigan

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Parking Lots & Garages industry in Michigan in 2025?

The market size of the Parking Lots & Garages industry in Michigan is $208.5m in 2025.

How many businesses are there in the Parking Lots & Garages industry in Michigan in 2025?

There are 178 businesses in the Parking Lots & Garages industry in Michigan, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Parking Lots & Garages industry in Michigan grown or declined over the past 5 years?

The market size of the Parking Lots & Garages industry in Michigan has been growing at an average annual rate of 8.3% from 2020 to 2025.

How many employees in the Parking Lots & Garages industry in Michigan in 2025?

There are 2,612 employees in the Parking Lots & Garages industry in Michigan, which has been declining at an average annual rate of -4.5% from 2020 to 2025.